Curated News
By: NewsRamp Editorial Staff
October 21, 2025
CyberloQ Secure™ Integrates with PayOnward to Combat Financial Fraud
TLDR
- CyberloQ's integration with PayOnward gives financial institutions a competitive edge by preventing costly fraud and protecting brand reputation through advanced transaction security.
- CyberloQ Secure uses multi-factor authentication including location, one-time passcodes, and biometrics to verify user identity for every financial transaction within PayOnward's platform.
- This partnership helps protect community financial institutions and their customers from cybercrime, ensuring financial security and trust in digital banking services.
- CyberloQ's technology blocks sophisticated fraud attempts like fake vendor creation and account takeovers using real-time biometric and location-based authentication.
Impact - Why it Matters
This partnership represents a critical advancement in financial security at a time when cyber fraud poses escalating threats to both institutions and consumers. For credit union members and customers of community banks, it means enhanced protection against account takeovers, fraudulent transactions, and identity theft that can devastate personal finances. The integration addresses the growing sophistication of cybercriminals who increasingly target smaller financial institutions with fewer security resources. By implementing transaction-level authentication, this technology helps prevent the types of fraud that have led to billions in losses and eroded consumer trust in digital banking. As financial services continue migrating online, such robust security measures become essential for protecting both institutional stability and individual financial wellbeing.
Summary
CyberloQ Technologies, Inc. (OTCQB: CLOQ) has announced a strategic partnership with PayOnward to integrate its CyberloQ Secure™ multi-factor authentication technology across PayOnward's entire digital payment ecosystem. This collaboration brings transaction-level security to credit unions and community-based financial institutions (CBFIs) that rely on PayOnward's next-generation cloud-native universal payments platform. The integration addresses one of the most pressing cybersecurity challenges facing financial institutions today by providing real-time fraud prevention through advanced user authentication tools that ensure secure access to digital assets.
The CyberloQ Secure™ Multi-Factor Authenticator offers comprehensive protection against a wide range of digital threats by verifying user identity on every transaction using a combination of location-based constraints, unique one-time passcodes, and biometric factors including fingerprint, face, or voice recognition. This robust security framework specifically targets sophisticated fraud schemes such as fund diversion to fraudulent accounts, spoofed accounts receivable links that redirect payers to malicious sites, fake vendor creation for fraudulent bill pay transactions, and consumer account takeovers through compromised credentials. According to PayOnward CEO Cary Strange, this integration provides "an extra layer of security" that helps clients protect both their customers and their brand reputation from the costly consequences of cybercrime.
Both companies emphasize the critical nature of this partnership in an environment where cybercriminals "never sleep" and the risks to financial institutions continue to grow. CyberloQ President and CFO Chris Jackson highlighted that their technology provides "real-time, risk-based authentication around the clock" for organizations where trust and security are mission-critical. The original release was published on www.newmediawire.com, showcasing how this collaboration represents a significant advancement in protecting vulnerable community-based financial institutions that may be particularly susceptible to cyber threats due to their size and resource constraints.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, CyberloQ Secure™ Integrates with PayOnward to Combat Financial Fraud
